Gros, Daniel and Micossi, Stefano. (2008) A call for a European Financial Stability Fund. CEPS Commentaries, 30 October 2008. [Policy Paper]
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Abstract
As Europe faces the worst economic and financial crisis since World War II, the usual decision-making mechanisms are clearly overwhelmed. This commentary asserts that Europe needs action on a scale that can only be decided at the highest political level, namely the formation of a massive European Financial Stability Fund (EFSF) to issue bonds on the international market with the explicit guarantee of member states.
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Item Type: | Policy Paper |
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Subjects for non-EU documents: | EU policies and themes > EU institutions & developments > European Financial Stability Facility EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance |
Subjects for EU documents: | UNSPECIFIED |
EU Series and Periodicals: | UNSPECIFIED |
EU Annual Reports: | UNSPECIFIED |
Series: | Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries |
Depositing User: | Phil Wilkin |
Official EU Document: | No |
Language: | English |
Date Deposited: | 12 Nov 2009 |
Page Range: | p. 3 |
Last Modified: | 03 Aug 2015 15:39 |
URI: | http://aei.pitt.edu/id/eprint/11563 |
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